On Friday (November 26), gold prices saw a big drop. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold fell by Rs 1,630 to Rs 75,451. Earlier it was priced at Rs 77,081 per ten grams.
Also, silver prices also fell today. It is Rs. 1,345 down to Rs. 88,100 per kg. Earlier the price of silver was Rs.89,445. Also, on October 23 silver rose to Rs. 99,151 and on October 30, gold was Rs. 79,681 was at an all-time high.
Gold price by carat
| Carat | Price (Rs/10 Grams) |
| 24 | 75,451 |
| 22 | 69,113 |
| 18 | 56,588 |
4 Gold Price in Metro and Bhopal
- Delhi: The price of 10 grams of 22 carat gold is Rs 70,950 and the price of 10 grams of 24 carat gold is Rs 77,390.
- Mumbai: The price of 10 grams of 22 carat gold is Rs 70,800 and the price of 10 grams of 24 carat gold is Rs 77,240.
- Kolkata: The price of 10 grams of 22 carat gold is Rs 70,800 and the price of 10 grams of 24 carat gold is Rs 77,240.
- Chennai: The price of 10 grams of 22 carat gold is Rs 70,800 and the price of 10 grams of 24 carat gold is Rs 77,240.
- Bhopal: The price of 10 grams of 22 carat gold is Rs 70,850 and the price of 10 grams of 24 carat gold is Rs 77,290.
So far this year, gold has cost Rs. 12,099 has become expensive
| Date | The price of gold | The price of silver |
| 1 January | 63,352 rupees per 10 grams | 73,395 per kg |
| 26 November | 75,451 per 10 grams | 88,100 per kg |
Source: India Bullion & Jewelers Assoc
Gold can go up to 85 thousand rupees by June Ajay Kedia, director of Kedia Advisory, says gold was supposed to fall after a big rally, it has. Its price is less likely to go below 74 thousand rupees per 10 grams. After the US, the UK has reduced interest rates. This will increase buying of gold ETFs. In such a situation, gold can reach 85 thousand rupees per 10 grams by June 30 next year.
Buy only certified gold
Always buy certified gold bearing the Bureau of Indian Standards (BIS) hallmark. Gold has a 6 digit hallmark code. It is called Hallmark Unique Identification Number or HUID. This number is alphanumeric ie something like – AZ4524. How many karats the gold is can be known by hallmarking.
Check the cross price
Cross-check the correct weight of the gold and its price on the day of purchase from multiple sources (such as the India Bullion and Jewelers Association website). The price of gold varies according to 24 carat, 22 carat and 18 carat. 24 karat gold is considered to be the purest gold, but it is not used in jewelry because it is too soft.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
